Quote:
Originally Posted by willtel
Is this common? I looked into getting a license so I could attend and bid on damaged vehicle auctions but I don't have a storefront and I'm not interested in getting one.
Some of those requirements are ridiculous. All so the government can make money on the sale of property that has already been taxed.
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Dealer associations are powerful lobbyists. They are motivated to keep the barrier to entry high.
When you are wearing the shoes of a buyer, you're happy that the industry is heavily regulated.
If I were a convicted criminal, I couldn't get a dealer's license.
If I had bad credit, I couldn't get a surety bond
If I had a previous DUI/DWI or bad driving record, I couldn't get insurance
If you are an existing dealer, and have too many complaints, your license won't be renewed.
Trying something shady? Your records are subject to inspection, without notice, at any time. Better have your ducks in a row, i's dotted, t's crossed.
If you think auto dealers are scum, think of what it would be like if the floodgates were open.
For now, the scum are forced to operate illegally, as flippers. Beware.